Property values in KT1 2: What you need to know

A view of South London terraced houses and their chimneys

South London is an up and coming area for renters, first time buyers and property investors. At Jukes we want to take a step back to analyse how property prices have evolved over time and give some key elements to help you: sell or buy your property at the right price.
In this guide we will look at macro economic factors influencing the price of a property but also take a deeper look at the evolution of prices depending on the type of property you own or you are looking to buy.
Note: the data shown in this article covers the period 2010 – 2021. We are working to improve this model and article with the latest data for 2023.

Location factors affecting property prices in KT1 2

Future developments around

The attractivity of an area can be measured partially via the number of ongoing or upcoming developments. Indeed with further housing developments an area is able to welcome more people to live around increasing the demand for the given area. To check if this has an impact on the property you are looking to buy or sell in KT1 2 we’ve checked all the upcoming developments on the London’s mayor website and gathered everything in the following table.

Now that we’ve analysed how the price per square metre in KT1 2 has changed over time, let’s dig deeper into factors impacting the value of properties you may buy or sell.

Proximity to public amenities

While the size of the garden or number of rooms align with buyers’ and sellers’ needs, proximity to conveniences also boosts a property’s value in KT1 2.

  • Transport
  • Hospitals
  • Schools
  • Restaurants & pubs

The above make a significant impact on price. We’ve summarised how your KT1 2 postcode sector is served per the above list in the table below.

Type of amenities Number in KT1 2
NHS Trusts (hospitals) 0
Practioners 5
Pharmacies 3
Schools 7
Shopping centres (within 5mi) 5
Public transports (train or tube stations) 0

Property prices in KT1 2

To keep in mind

What we’ve outlined here is an objective analysis of actual prices paid – not an explanation of what impacts prices. If you want to learn about the many factors affecting your property’s value, review the information below.
And remember, only an agent deeply embedded in your local area has the knowledge to truly assess your property’s value, or that dream home you hope to buy. They’re on the front lines of supply and demand there.

Looking to buy or sell your property in KT1 2?

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For flats

In 2021, 63 flats were sold in KT1 2 – an increase/decrease (choose one) of -21.25%% over 2020.
To better grasp the price per square metre distribution and sizes/types of flats sold in 2021, we’ve assembled the chart below.

While the price distribution gives a helpful snapshot, the median price also provides insight. In 2021, the median price per square metre for a KT1 2 flat was £6428.57 – meaning 50% of flats sold for less than this. See the table below to view how the median price changed between 2016 and 2021.

Year Median Sqm Price inKT1 2 (in£) Growth Rate (in %)
2021 £6428.57 -%
2020 £7200 -33%
2018 £6104.65 -20.9%
2016 £6726.19 -28.2%

Deciphering the table – example with 2020: In 2020, the median price per square metre for a KT1 2 flat was £7200.0. Versus 2021 figures, the median flat price per square metre changed by -14.32%%.

For houses

In KT1 2 in 2021, there were 46 houses sold. This represents a decrease of -14.81% in house sales versus the prior year.
The chart below will assist in understanding the distribution of these prices, providing insight into the types and sizes of houses sold in KT1 2 in 2021.

After analysing the price distribution, we can examine the median price. Put simply, the median price splits the group of houses sold in 2021 in KT1 2 into two equal groups. In other words, it shows that 50% of the houses sold in 2021 went for over £7539.48.
This number alone may not be very informative unless compared to previous years. Refer to the table below to see how the median price has changed: versus 2020, versus 2018 (3 years prior), and versus 2016 (5 years ago):

Year Median Sqm Price inKT1 2 (in£) Growth Rate (in %)
2021 £7539.48 -%
2020 £6603.05 -14.3%
2018 £6722.73 -15.8%
2016 £6551.61 -13.6%

Interpreting the table – example with 2018: In 2018, the median price per square metre for a KT1 2 house was £6722.73. Against the newest 2021 data, the median house price per square metre rose by -15.84%%.

First to start our property price guide we want to give an overview of how prices are distributed in KT1 2 on the type of property. To do so, we will look at the price per square metre to assess the distribution. To create the charts, we are calculating the price per square metre by getting the price paid data from the Government website. Then we divide the price by the surface area of the property.

Once this is done, it gives us the exact price per square metre paid and we finally categorise these prices into buckets (£1000-£1500) indicating that a given property has been sold with a price per square metre oscillating between £1000 and £1500.

For other types of property

In addition to houses and flats, KT1 2 has seen some other property types change hands over the years, though these represent a small portion of 2021 sales. We’ve compiled the price per square metre distribution for these assorted properties in the chart below.

If you’re looking to buy or sell a more unique property in this group, please contact us for more details and insight. We’re happy to provide an accurate, tailored valuation.

Forecasting KT1 2 property prices in 2024-2025

At Jukes we’ve tried solving this puzzle for 35 years – honestly, no magic crystal ball accurately predicts future prices. Too many variables drive costs, as you’ve read.
AI and machine learning are improving trend prediction models, but can’t yet account for external factors. The property market can quickly shift, as it has before.
That’s why we show 14 years of sales data – prices, sizes, and sale dates for KT1 2 properties. The chart also displays a yearly average price trendline. As you can see, an upward trajectory that in our view won’t change as of February 2024. Though the curve’s slope may shift ahead.

Socioeconomic factors influencing property values in KT1 2

Interest rates

In the last 5 years, Britain’s economic conditions have dramatically changed. Between 2019 and 2024, the Bank of England raised interest rates multiple times to address growing inflation and cool an economy recovering from post-covid measures.
Higher interest rates directly impact the property market by affecting buyers’ borrowing ability. At the same time, with fewer prospective buyers, potential sellers may wait to list for fear of lower prices.

Household income and job rates in KT1 2

Another price determiner is the area’s average household income. Prices tend to rise in areas where household incomes are increasing. See below where household income in the KT1 2 stands, as it may positively impact selling your property. We can’t omit the employment rate from this socioeconomic analysis either. It directly relates to the household income we just covered. The data shows a clear link between the employment rate and property prices in KT1 2 too.
The map below displays the employment rate in your sector. Beyond location, the property market also responds to economic and demographic factors like interest rates, population growth, and average household income.

How KT1 2 compares to nearby postcodes

To provide more KT1 2 insight, we’ve done similar deep dives on nearby postcode sectors too.
Check the table below and feel free to navigate around. You may find interesting opportunities and info for these areas:

Postcode sector Median Price per sqm (£, in 2020) See our analysis
KT1 1 £8846.15 See our analysis on KT1 1 property prices
KT1 2 £6603.05 See our analysis on KT1 2 property prices
KT1 3 £6384.93 See our analysis on KT1 3 property prices
KT1 4 £7457.26 See our analysis on KT1 4 property prices

Property elements driving price increases in KT1 2

Property features & built form

Features like built form, number of rooms, bathrooms etc. greatly affect price – more features mean higher prices. Recent features also increase value.
For built form, we look at:

Built form Definition according to RCIS website
Detached “A detached house is a stand-alone residential structure that does not share outside walls with another house or building.”
Semi detached “A dwelling attached to another building or dwelling by one common party wall. Often each house’s layout is a mirror image of the other.”
End-Terrace “End of terrace used to describe a house situated at the end of a row of houses only joined on one side to a joining property.”
Mid-Terrace “Mid Terrace used to describe a house situated in the middle of a row of similar houses.”

Property sizes

Obviously when looking at buying the floor area of the property has a direct impact on the price you’ll be selling at or paying for. In order to get a clearer picture of KT1 2 we have come up with the following charts showing the distribution of properties depending on their total floor area.

Total Floor area distribution for houses in KT1 2

Total Floor area distribution for flats in KT1 2

Total Floor area distribution for other property types in KT1 2

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